Federal government opposes Monsanto-Deere deal

The sale of a Monsanto unit's high-speed planting technology subsidiary is in jeopardy. The federal government has gone to court to block the deal. It contends the multi-million dollar sale would hinder competition and raise costs for farmers. The companies involved in the potential transaction are vowing to fight the claims.

The federal justice department’s antitrust unit has filed a lawsuit in Chicago to stop the sale of The Climate Corporation’s Precision Planting business to Deere & Co.

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Updated 7:18 a.m., Sept. 6 with revised Bayer offer - St. Louis-based Monsanto is evaluating another takeover proposal from a German company. Bayer announced early Tuesday morning that is has increased its offer by roughly 2 percent. It’s a more than $65 billion proposal.